What does pre qualified mean Meaning and Definition

Pronunciation

🔊

Part of Speech

Noun

Definition

Having met requirements or criteria beforehand, thereby being eligible for a particular opportunity or privilege.

Examples

• The company prequalified the applicants based on their educational background and work experience.
• The bank prequalified the loan applicants based on their credit score.

Etymology

Originated from Latin “praecingere,” meaning “to place before,” and “qualificare,” meaning “to meet requirements.”

Usage Notes

This term is often used in the context of finance, business, and education to describe the process of preliminary evaluation or screening.

Additional Information

Prequalification is often a necessary step before being considered for a loan, credit card, or other financial opportunities. It helps streamline the selection process and reduces the risk of default. In education, prequalification can refer to the process of evaluating students’ qualifications for a particular program or course.

Prequalified individuals or entities are not guaranteed approval, but they have demonstrated a strong likelihood of meeting the required criteria.

Cultural References

This term has been used in various media, including business articles, textbooks, and online courses.

Idiomatic Expressions or Phrases

• “Pre-approved” – implies a higher level of certainty than prequalified.

Related Words or Phrases

• Approved
• Screened
• Qualified

Collocations

• Prequalified loan
• Prequalified credit
• Prequalified students

Frequency of Use

This term is commonly used in professional and business contexts, with a moderate frequency of use in everyday language.

Common Misspellings

• Prequalify
• Prequalified with